Tax law to spark $450 billion buyout bonanza for Wall Street [CNNMoney.com]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: CNNMoney.com
Tax law to spark $450 billion buyout bonanza for Wall Street1: Tax party: Get ready for the new tax law to create a $450 billion boom -- of stock buybacks.Corporate America is sitting on a mountain of money overseas, built during years of hoarding foreign profits to avoid paying U.S. taxes on them.The new law gives companies a tax break -- paying between 8% and 15.5% instead of the usual 35% -- to bring that money back to America.Wall Street can't wait for the roughly $1.2 trillion in foreign profits that S&P 500 companies are sitting on to get returned.Some of that money will go toward creating jobs and rewarding workers with a raise or a bonus. But analysts believe the bulk of it will beused to reward shareholders.In fact, Bank of America forecasts that companies will devote $450 billion -- or roughly half the remainder after paying taxes -- to stock buybacks. That's a huge windfall that doesn't even include buybacks inspired by the lowering of the corporate tax rate to 21%. It near
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JBLU
News
- What's Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results? [Forbes]Forbes
- JetBlue Airways First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- JetBlue's in-flight entertainment system just got a watch party feature [Yahoo! Finance]Yahoo! Finance
- JetBlue's (JBLU) Q1 Loss Narrower Than Expected, Q2 View Weak [Yahoo! Finance]Yahoo! Finance
- JetBlue beefs up in-flight entertainment, but investors are unimpressed [Seeking Alpha]Seeking Alpha
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 4
- 4/23/24 - Form 8-K
- JBLU's page on the SEC website